Company lists
The Maharashtra edition · 2026

Mobile gamingcompanies in Maharashtra

Game developers, PC & console, fantasy & real money, esports & social, publishing & services and more: the companies building mobile gaming in Maharashtra, with their founders, funding, team size and business models.

159 company profiles43 with reported revenue19 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent mobile gaming business events in India

Funding, M&A, contract wins and launches involving 1,290 mobile gaming companies in India, last 24 months: 62 M&A deals · 20 funding rounds · 5 launches · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Nazara technologies acquires Rusk media

The acquisition was completed for a subscription amount of ₹14,98,99,176. This development comes after a Share Subscription Agreement was executed on March 30, 2026, between Nazara…

Media and Entertainment
LaunchDreamStreet

Dream sports

Dream Sports, the parent company of Dream11, has officially launched DreamStreet, an AI-powered stock broking platform aimed at transforming how Indians invest in financial markets.

Stock broking platform
FundingUser acquisition (UA) funding

Hitwicket

The Bengaluru-based studio behind cricket game Hitwicket has secured $20 million in user acquisition (UA) funding from Metica, a London-based growth financing firm.

Investors Metica
Gaming
M&AAcquisition · Announced

Rush acquires Cucumber

Auckland-based software development and technology services company RUSH has acquired specialist digital services firm Cucumber to expand its presence in the agriculture and utilities…

Digital Services
FundingPre-Series A

Lightfury games

LightFury Games, a AAA-focused game-tech studio, has raised $11 million (approx. ₹103 crore) in a pre-Series A funding round led by Blume Ventures, V3 Ventures, MIXI, and Times Internet,…

Investors Blume ventures, V3 ventures, Mixi, Times internet
Gaming / Game-Tech
FundingSeed

Spill Games

Mobile gaming startup Spill Games has raised $3.1 Mn (around ₹28 Cr) in its seed funding round co-led by Centre Court Capital and PeerCapital, along with participation from existing…

Casual and puzzle gaming
FundingPreferential issue of warrants

Nazara technologies

Gaming company Nazara Technologies has announced a Rs 500 crore fundraise through a preferential issue of warrants , according to a regulatory filing on Monday.

Investors Riambel Capital, S Gupta Family Investments, Plutus Investment and Holding, Classic enterprises
Gaming
M&AAcquisition · Announced

Morgan stanley asia acquires Nazara technologies

Morgan Stanley Asia Singapore Pte bought shares worth about Rs 69.2 crore in gaming firm Nazara Technologies through a block deal on Tuesday, exchange data showed.

Gaming
LaunchVisual AI Platform for e-commerce

Youzu

Youzu announced the commercial launch of the world’s first all-in-one Visual AI Platform for e-commerce — enabling online retailers to let shoppers search by image, visualize products in…

Visual Commerce Platform
M&AAcquisition · Announced

Zupee acquires Vertical tv

Delhi NCR-based gaming startup Zupee has acquired Mumbai-based microdrama startup Vertical TV to strengthen its short-video offering, sources told Inc42.

Microdrama startup
LaunchZupee Studio

Zupee

It also launched Zupee Studio, a short-form video platform designed for mobile-first audiences in Tier-2 and Tier-3 cities, featuring 1–3 minute mini-episodes across romance, drama,…

Short-form video platform
M&AAcquisition · Completed

Rush acquires Pixel Fusion

RUSH has acquired digital services firm Pixel Fusion, enhancing its managed services capabilities and extending its reach into new market sectors.

FundingSeries A

Ziffi Chess

Ziffi Chess, a startup that offers a fast-paced two-minute chess format, has raised INR 44.2 crore (about USD 5 million) in its Series A funding round.

Investors Tanglin Venture Partners, India quotient, DeVC, Symphysis LSV LLP
LaunchTechXpedite 3.0

Games24x7

Games24x7, today announced the third edition of its flagship accelerator program, TechXpedite.

Accelerator program
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Axana Estates LLP has acquired a 5.4% stake in online gaming company Nazara Technologies through a preferential issue of equity shares, according to a regulatory filing.

M&AMerger · Announced

Sporta acquires Dream sports

The board at Dream11 India, in January, passed a special resolution to approve the merger of Dream Sports Inc. with Sporta Technologies Private Limited under Section 233 of the Companies…

M&AAcquisition · Completed

Krafton acquires Nautilus mobile

KRAFTON Invests Rs 118 Cr To Increase Stake In Nautilus Mobile To 75%

Gaming
M&AAcquisition · Announced

Krafton India acquires Nautilus mobile

South Korean gaming giant KRAFTON’s India has bought a majority stake in Pune-based game studio Nautilus Mobile with an additional investment of INR 118 Cr (around $13.7 million).

Gaming
M&AAcquisition · Pending

Moonshine technologies acquires Nazara technologies

Nazara obtained the board’s nod to sell its 94.85% stake in its subsidiary Open Play to Moonshine Technologies, the parent of online poker platform Pokerbaazi, for INR 104.33 Cr.

M&AAcquisition

Norges bank acquires Nazara technologies

Norges Bank has bought 7.19 Lakh shares of gaming major Nazara Technologies via bulk deals

FundingPre-seed

Qila Games

Hybridcasual gaming startup Qila Games has raised $1 million in its pre‑seed funding round led by Chimera VC.

Investors Chimera VC
Gaming
Funding

Felicity games

mobile game publisher Felicity Games.

Mobile gaming
M&AAcquisition

Head digital works acquires Adda52

Head Digital Works added the online poker platform Adda52 to its portfolio.

M&AAcquisition · Announced

A23 Games (Head Digital Works Private Limited) acquires Adda52

Spice Route Legal is excited to have advised A23 Games (Head Digital Works Private Limited), one of India's oldest and most prominent online skill-gaming companies, on its 100%…

Gaming
M&AAcquisition · Pending

Head digital works acquires Adda52’s holding company Deltatech Gaming Limited (DGL)

Online gaming company Head Digital Works Private Limited (HDW), the parent entity of A23, has acquired Adda52’s holding company Deltatech Gaming Limited (DGL) for INR 491 Cr.

M&AAcquisition · Announced

DeltaCorp Limited acquires Head digital works

After the merger, DeltaCorp Limited will hold a 5.7% stake in Head Digital Works.

Gaming
Funding

Xigma Games

In November 2023, gaming major Nazara Technologies and Zerodha co-founder Nikhil Kamath’s WTFund jointly invested ₹2 Cr in two gaming startups—Norian Games and Xigma Games.

Investors Nazara technologies, WTFund

Mobile gaming companies in Maharashtra, by revenue

Browse mobile gaming companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 43 companies below are the largest by their most recent reported revenue among 43 mobile gaming companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 43

Provider of sports-related digital content, fantasy sports, and sports travel experiences

Sports tech
₹7,374.35 crFY 2024-25
-12%2024–2025
115+7% 12 mo to Aug 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Operator of a platform providing Rummy, Fantasy Sports, and Ludo

Sports tech
₹2,273.52 crFY 2023-24
Not reported
662-1% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jul 2026

Provider of diversified gaming and sports media platform

Mobile gaming
₹1,715.44 crFY 2024-25
+41%2024–2025
184+1% 12 mo to Mar 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of digital entertainment experiences across gaming, esports, music, and sports

Mobile gaming
₹382.82 crFY 2024-25
+51%2024–2025
262-20% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Aug 2022

Manufacturer of gaming accessories

Internet first media
₹83.97 crFY 2022-23
+2647%2022–2023
87-92% vs previous recordrecorded
5 yr2021
—No postings tracked

Mobile game development company

Mobile gaming
₹42.78 crFY 2024-25
-1%2024–2025
10+12% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Mobile game development studio specializing in adventure and action games

Mobile gaming
₹36.24 crFY 2024-25
+6%2024–2025
79-14% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
4postings · last posted Sep 2026

Operator of a platform for fantasy sports and casual games

Esports
₹30.43 crFY 2024-25
-45%2024–2025
76-40% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Developer of mobile-based multi-genre games

Mobile gaming
₹28.08 crFY 2024-25
-15%2024–2025
110-14% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Developer of mobile-based casual video games

Mobile gaming
₹16.23 crFY 2024-25
-7%2024–2025
85-6% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months · last posted Jun 2026

Developer of mobile games

Mobile gaming
₹6.51 crFY 2024-25
+30%2024–2025
30LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jul 2026

Mobile gaming app studio

Mobile gaming
₹5.27 crFY 2024-25
-18%2024–2025
10-19% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Game development studio primarily focusing on the outsourced development of games

Mobile gaming
₹3.72 crFY 2024-25
-9%2024–2025
39LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Independent mobile game development company

Mobile gaming
₹2.36 crFY 2024-25
-40%2024–2025
2LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online platform offering a wide range of enigmas and riddles with answers to improve logical thinking and problem-solving skills.

Mobile gaming
₹2.32 crFY 2024-25
+47%2024–2025
28LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of mobile-based casual video games

Mobile gaming
₹1.49 crFY 2024-25
+67%2024–2025
17LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of online gaming platform

Mobile gaming
₹1.31 crFY 2023-24
+3959%2023–2024
108-94% 12 mo to Oct 2021LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Developer of mobile-based casual video games

Mobile gaming
₹86.95 lakhFY 2024-25
-23999%2024–2025
—Not available
4 yr2022
1postings · last posted Sep 2026

Developer, publisher and distributor of mobile games

Mobile gaming
₹71.74 lakhFY 2024-25
-63%2024–2025
26+21% vs previous recordLinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted May 2026

Upcoming game developer

Mobile gaming
₹68.64 lakhFY 2024-25
-34%2024–2025
—Not available
10 yr2016
0none in 3 months

Developer of HTML5 games across arcade, cooking, educational, and baby genres

Pc & console gaming
₹60.96 lakhFY 2024-25
-32%2024–2025
36LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Feb 2023

Casual game development studio

Mobile gaming
₹51.42 lakhFY 2023-24
Not reported
14-86% 12 mo to Nov 2023LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Games Developer

Mobile gaming
₹47.30 lakhFY 2024-25
-15%2024–2025
—Not available
20 yr2006
0none in 3 months

Gamified platform to detect the neurological disorders

Mom & baby care
₹43.81 lakhFY 2024-25
+189%2024–2025
8LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of mobile games and provider of game development services

Pc & console gaming
₹36.99 lakhFY 2023-24
-64%2023–2024
39-67% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months
43 of 159 companies shown here · the full list is on Radar
Fliar Radar

Explore all 159 mobile gaming companies in Maharashtra on Radar

This page shows the top 43. Radar has the complete, filterable list with contacts and live company signals.

Open mobile gaming in Maharashtra on Radar
  • Every company, not just 50All 159 mobile gaming companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore mobile gaming companies in Maharashtra by what you are looking for

Find top mobile gaming companies in Maharashtra, from casual game developers to fantasy sports and esports platforms. Browse mobile gaming startups in Maharashtra or studios that are hiring.

7 ways to explore mobile gaming in Maharashtra

Mobile game developers & studiosPC & console game developersFantasy sports & real money gaming platformsEsports & social gaming platformsGame publishers, accessories & gaming servicesMobile gaming startups in Maharashtra

Mobile game developers & studios

Studios building casual, hypercasual and multi-genre mobile games.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  4. HungamaGames

    Mobile game developer focusing on cricket games

    Mobile gaming
    Website
  5. June Gaming

    Mobile game development company

    Mobile gaming
    See in list

PC & console game developers

Developers making PC, console and indie games alongside mobile titles.

  1. Gamebee Studio

    Developer of mobile games

    Mobile gaming
    See in list
  2. GameEon

    Developer of mobile games and provider of game development services

    Pc & console gaming
    See in list
  3. Tanhaji

    Developer of role-playing fighting mobile game

    Mobile gaming
    See in list
  4. DSK Green Ice Games

    Indie game development studio

    Mobile gaming
    Website
  5. Viaan Studios

    Developer of Mobile, PC& Console games

    Mobile gaming
    Website
19 companies in Maharashtra

Fantasy sports & real money gaming platforms

Fantasy sports, rummy, cricket and real money gaming apps.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  4. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  5. Bowled

    Provider of play-to-earn social gaming platform

    Mobile gaming
    Website

Esports & social gaming platforms

Esports, multiplayer and social gaming platforms and media.

  1. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  2. PlayerzPot

    Operator of a platform for fantasy sports and casual games

    Esports
    See in list
  3. Zapak

    Provider of online gaming platform

    Mobile gaming
    See in list
  4. Khel Group

    Provider of mobile-based gaming platform for playing multiple games

    Mobile gaming
    See in list
  5. Bakbuck

    Social networking platform for participating in daily based contests

    Mobile gaming
    Website
25 companies in MaharashtraAll 171 esports companies in India →

Game publishers, accessories & gaming services

Game publishers, gaming accessories and services for gaming companies.

  1. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  2. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  3. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  4. Gamotronix

    Indie game publishing company

    Mobile gaming
    Website
  5. POCKET GAMER STUDIO

    Mobile game publisher and developer of action and sports games

    Mobile gaming
    Website

Mobile gaming startups in Maharashtra

Newer mobile gaming companies founded in recent years.

  1. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  2. Elixir Gamelabs

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
  3. Triple Tap Games

    Game development studio

    Mobile gaming
    See in list
  4. SWIRLGOAL GAMES

    Provider of online gaming applications like carrom 365 and sapsidi 365 for a fun and earning experiences

    Mobile gaming
    See in list
  5. Upsports

    Developer of multi-category mobile utility applications

    Mobile gaming
    See in list
31 companies in Maharashtra

Mobile gaming companies hiring in Maharashtra

Mobile gaming employers with open roles.

  1. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  2. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  3. Rendered Ideas

    Mobile game development studio specializing in adventure and action games

    Mobile gaming
    See in list
  4. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  5. Gametion

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
10 companies in Maharashtra
Mobile reach

Top 10 mobile gaming apps from Maharashtra

The most-installed Android apps published by mobile gaming companies headquartered in Maharashtra — 1925.2M installs between them. 55 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Ludo King®

by Gametion

Installs1464.5M
Rating4.1610.3M ratings
Installs, year on year+18%
Last updatedJun 2026
View on Google Play ↗
Ludo King® screenshot 1Ludo King® screenshot 2Ludo King® screenshot 3Ludo King® screenshot 4Ludo King® screenshot 5Ludo King® screenshot 6
2

MaskGun: FPS Shooting Gun Game

by June Gaming

Installs102.6M
Rating4.0615K ratings
Installs, year on year+9%
Last updatedOct 2025
View on Google Play ↗
MaskGun: FPS Shooting Gun Game screenshot 1MaskGun: FPS Shooting Gun Game screenshot 2MaskGun: FPS Shooting Gun Game screenshot 3MaskGun: FPS Shooting Gun Game screenshot 4MaskGun: FPS Shooting Gun Game screenshot 5MaskGun: FPS Shooting Gun Game screenshot 6
3

World Robot Boxing

by RelianceGames

Installs83.3M
Rating4.452.4M ratings
Last updatedJun 2026
View on Google Play ↗
World Robot Boxing screenshot 1World Robot Boxing screenshot 2World Robot Boxing screenshot 3World Robot Boxing screenshot 4World Robot Boxing screenshot 5World Robot Boxing screenshot 6
4

World Of Carrom :3D Board Game

by AppOn

Installs58.7M
Rating4.595K ratings
Installs, year on year+18%
Last updatedMay 2026
View on Google Play ↗
World Of Carrom :3D Board Game screenshot 1World Of Carrom :3D Board Game screenshot 2World Of Carrom :3D Board Game screenshot 3World Of Carrom :3D Board Game screenshot 4World Of Carrom :3D Board Game screenshot 5World Of Carrom :3D Board Game screenshot 6
5

Jungle Adventures

by Rendered Ideas

Installs56.5M
Rating4.66176K ratings
Installs, year on year+4%
Last updatedMar 2026
View on Google Play ↗
Jungle Adventures screenshot 1Jungle Adventures screenshot 2Jungle Adventures screenshot 3
6

T20 Cricket Champions 3D

by Zapak

Installs48.7M
Rating3.7168K ratings
Last updatedJun 2026
View on Google Play ↗
T20 Cricket Champions 3D screenshot 1T20 Cricket Champions 3D screenshot 2T20 Cricket Champions 3D screenshot 3T20 Cricket Champions 3D screenshot 4T20 Cricket Champions 3D screenshot 5T20 Cricket Champions 3D screenshot 6
7

Indian Train Simulator Express

by Bajake studios

Installs35.0M
Rating4.0949K ratings
Installs, year on year+2%
Last updatedDec 2024
View on Google Play ↗
Indian Train Simulator Express screenshot 1Indian Train Simulator Express screenshot 2Indian Train Simulator Express screenshot 3Indian Train Simulator Express screenshot 4Indian Train Simulator Express screenshot 5Indian Train Simulator Express screenshot 6
9

Real Snooker 3D

by EivaaGames

Installs25.2M
Rating4.477K ratings
Installs, year on year+22%
Last updatedNov 2025
View on Google Play ↗
Real Snooker 3D screenshot 1Real Snooker 3D screenshot 2Real Snooker 3D screenshot 3Real Snooker 3D screenshot 4Real Snooker 3D screenshot 5Real Snooker 3D screenshot 6
10

Masala Express: Cooking Games

by CYMPL

Installs23.1M
Rating4.37132K ratings
Installs, year on year+13%
Last updatedMay 2026
View on Google Play ↗
Masala Express: Cooking Games screenshot 1Masala Express: Cooking Games screenshot 2Masala Express: Cooking Games screenshot 3Masala Express: Cooking Games screenshot 4Masala Express: Cooking Games screenshot 5Masala Express: Cooking Games screenshot 6
The business behind the activity

Mobile gaming financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 38 mobile gaming companies in Maharashtra for FY24-25 — 51 of the 159 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,616.45 cr

38 companies filing accounts

combined net profit−₹384.69 cr

-5.1% aggregate margin

are profitable47%

18 of 38 companies

median revenue~₹47 lakh

the typical company

median revenue growth-7%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,426.13 crFY19-2029 filers
₹4,431.62 crFY20-2132 filers
₹5,549.33 crFY21-2232 filers
₹9,047.61 crFY22-2338 filers
₹10,975.32 crFY23-2438 filers
₹7,616.45 crFY24-2538 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 28 companies over three years

+10%
FY22-23₹6,870.19 cr₹236.62 cr net
FY23-24₹8,572.27 cr₹1,230.09 cr net
FY24-25₹7,585.05 cr−₹379.06 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr2433% profitable
₹1–10 cr771% profitable
₹10–100 cr580% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr10% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking19
0–20%5
20–50%5
50–100%1
Doubled+3

33 companies with accounts for both years; median growth -7%.

Profitability

Profit is concentrated at the top

18profitable
20loss-making
-5.1%aggregate margin
-4.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
NazaraNazara Technologies Limited+49%₹100.86 cr
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED+6%₹36.24 cr
June GamingJUNE GAMING PRIVATE LIMITED-1%₹42.78 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED-7%₹16.23 cr
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED-12%₹7,333.06 cr
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED-15%₹28.08 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED43.4%₹36.24 cr
NazaraNazara Technologies Limited27.8%₹100.86 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED11.7%₹16.23 cr
June GamingJUNE GAMING PRIVATE LIMITED7.9%₹42.78 cr
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED4.2%₹28.08 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Mobile gaming33₹251.90 cr~₹47 lakh48%17.8%
Leaders

Largest mobile gaming companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED₹7,333.06 cr−₹428.40 cr-5.8%-12%
NazaraNazara Technologies Limited₹100.86 cr₹28.04 cr27.8%+49%
June GamingJUNE GAMING PRIVATE LIMITED₹42.78 cr₹3.39 cr7.9%-1%
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED₹36.24 cr₹15.72 cr43.4%+6%
PlayerzPotPLAYERZPOT MEDIA PRIVATE LIMITED₹30.43 cr−₹72.65 lakh-2.4%-45%
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED₹28.08 cr₹1.19 cr4.2%-15%
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED₹16.23 cr₹1.90 cr11.7%-7%
Gamebee StudioGamebee Studio Llp₹6.51 cr₹2.18 cr33.4%+30%
AppOnAPPON SOFTWARE PRIVATE LIMITED₹5.27 cr₹23.02 lakh4.4%-18%
PixeltekPIXELTEK GAMING SOLUTIONS PRIVATE LIMITED₹3.72 cr−₹48.16 lakh-13.0%-9%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Mobile gaming funding and M&A across India

264 recorded equity rounds have gone to 1,290 mobile gaming companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months3

US$22.23m

equity rounds, last 24 months20

US$64.08m

raised over five yearsUS$1.60bn

120 rounds in India

M&A deals, India62

last 24 months

Capital by year

Equity funding into mobile gaming in India

amount rounds
$141m201821
$59m201922
$183m202024
$1.3bn202136
$215m202230
$39m202319
$29m202420
$35m202512
$22m20263

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.26bn across 36 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.32m12 rounds · median US$73k
SeedUS$85.83m70 rounds · median US$1.00m
Series AUS$92.04m14 rounds · median US$7.00m
Series BUS$155.72m10 rounds · median US$7.18m
Series CUS$154.19m4 rounds · median US$39.35m
Series D+US$1.11bn10 rounds · median US$5.93m
Where the money went · five years

Most-funded sub-sectors

Sports techUS$933.04m4 rounds · 2 companies
EsportsUS$335.72m8 rounds · 2 companies
Mobile gamingUS$285.39m79 rounds · 47 companies
Pc & console gamingUS$28.33m16 rounds · 11 companies
Gambling techUS$8.89m6 rounds · 2 companies
Continued learningUS$3.14m1 rounds · 1 companies
Non fungible tokensUS$3.02m3 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

60Acquisition
2Merger

Most active acquirers

  1. Nazara technologies37
  2. Axana Estates LLP7
  3. Head digital works3
  4. Rush2
  5. Zupee2

Most acquired or merged

  1. Nazara technologies10
  2. Nautilus mobile3
  3. Curve digital2
  4. Absolute sports2
  5. Head digital works2

Each deal appears in the events strip at the top of the page.

Mobile gaming funding in Maharashtra

19 mobile gaming companies in Maharashtra have recorded equity funding, US$1.31bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind mobile gaming companies in Maharashtra. 80 of 159 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra mobile gaming companies by sub-sector

The most common specialisations among mobile gaming companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring mobile gaming in India and nearby markets.

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